A. All purchases and contracts shall be for the public benefit of the city.

B. Any city official, officer or employee who has financial interest, direct or indirect, or by reason of ownership, in any land, materials, supplies, goods, or services, or regarding a contractor supplying the city, shall make known that interest. He or she shall not vote on the awarding of any contract in which he or she has such a financial interest. He or she shall file with the city clerk a statement, under oath, setting forth the nature of such business dealings, and his or her interest therein, not less than 10 days before the date when action may be taken by the council or by any officer or agency of the city upon the matter involved. Such statement shall be sufficient for continuing transactions of a similar or like nature for six months from the date of its filing. Any city official, officer or employee who willfully conceals such a financial interest or willfully violates the requirements of this section is guilty of malfeasance in office or position and shall forfeit his office or position. Violation of this section with the knowledge express or implied of the person or corporation contracting with or making a sale to the city renders the contract voidable by the city council.

C. There shall be no hidden charges, remuneration, kickback, or any other financial consideration not specifically stated in the lease, contract, or in the notice and instructions to bidders. Violation of this section shall render the contract voidable by the city council.

D. If the person who willfully violates this section is an officer or employee of the city, he or she shall immediately forfeit the office or position he or she holds upon proof of the violation. (Ord. 644 § 4, 2004)